SK Earthon, the exploration and production (E&P) of SK Innovation, is set to ramp up commercial oil production at the Lac Da Vang (Golden Camel) field, in Vietnam’s Block 15-1/05, starting next year, significantly boosting oil output in the region
SK Earthon has been actively engaged in Vietnam’s energy resource development since 1998, beginning with an equity investment in Block 15-1. The company now holds stakes in four oil blocks: it serves as a partner in Block 15-1/05 and Block 15-2/17, while operating Block 16-2. Currently, Block 15-1 is the only active production block, generating crude oil since 2003. However, production is set to expand further in late 2026 with the commencement of oil extraction at the Golden Camel field within Block 15-1/05, marking a major milestone in SK Earthon’s Vietnam operations.
The Golden Camel production platform, located 70 km southeast of Ho Chi Minh City, is undergoing final construction phases. The jacket (base structure) is scheduled for completion by July, while the topside (processing and drilling facilities) will be completed by August 2026. With an investment of approximately KRW 400bn, this platform will serve as a key offshore production base until 2039.